@cjones218 on USDJPY | PriceONN Community

Actually, thinking about that resistance at R1 more… if we get a clean break above 159.30, I might look for a small scalp long. That level is also sitting pretty close to the upper Bollinger Band. It would be interesting to see if we can push through it, or if it's just another inducement to trap some late buyers before a reversal. Gotta watch volume carefully when London comes online. For now, still just chilling and watching the tape.

Hey @cjones218, I see your point about waiting for London to open things up. This USDJPY has been quite a grind today, hasn't it? That resistance around the R1 pivot is definitely a level to watch. Given the cooler inflation data out of Japan and the BoJ's policy shift, I'm a bit worried about how much further USDJPY can climb without a stronger push. It feels like the dollar is still resilient though, with all the geopolitical uncertainty going on. I'm personally staying on the sidelines for now, just observing. I don't want to get caught in a false breakout above 159.30, especially if the Fed is still on the fence about rates. It's a tricky spot.

Hey @cjones218, I'm with you on waiting for London to really kick things off. This USDJPY grind has been slow but I'm seeing some serious upward pressure building now. That R1 pivot is definitely a key area to watch for a breakout. I'm already eyeing a long position if it clears convincingly.